Vlad Tenev said Robinhood is awaiting details from X after his account was used to promote a bogus token, echoing a pattern of high-profile crypto-related account breaches.
Alpha Score of 57 reflects moderate overall profile with strong momentum, poor value, moderate quality, moderate sentiment.
Robinhood CEO Vlad Tenev returned to X on Thursday and said his account had been compromised by hackers who used it to promote a fake cryptocurrency token. Tenev said the company is "awaiting details" from X to understand what happened. He also clarified that Robinhood has not issued any coins or tokens.
"I'm back. We are awaiting details from the @X team to better understand what happened. In case it wasn't clear, Robinhood has not issued any coins or tokens. Stay safe out there," Tenev posted.
Robinhood's communications team confirmed the breach.
"Our CEO Vlad Tenev's X account was compromised and posted a fake promotion for a meme coin. We're working with X to restore access and the post has been removed," Robinhood Comms said.
The hack follows a pattern of high-profile account takeovers on X used to promote bogus crypto schemes. In 2020, hackers gained access to dozens of prominent accounts, including that of Elon Musk, to advertise a fake Bitcoin giveaway. In September 2023, Ethereum co-founder Vitalik Buterin's account was used to promote a fake NFT giveaway. The U.S. Securities and Exchange Commission's account was compromised in January to falsely announce approval of spot Bitcoin ETFs, briefly pushing Bitcoin's price higher. Earlier this month, Airbnb CEO Brian Chesky's account was hijacked to publish a thread about blockchain tokenization.
Tenev said Robinhood had not launched any cryptocurrency token.
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